Kolena AI Agent

Lease Redline and PSA Key-Date Extraction

Turn a purchase and sale agreement or lease draft into a cited critical-date calendar with computed deadlines, plus a redline and deviation review, in minutes.

Real EstateLegal

Impact

Manual PSA and lease critical-date review reduced from hours of clause-by-clause reading to a cited, computed date calendar in minutes per agreement

per agreement

Volume fit

Works best for

acquisition, legal, and lease-administration teams reviewing many PSA and lease drafts a month, each with dozens of hard deadlines to diarize

Too small for

a one-off single-page agreement a lawyer can read faster than setting up the run

Typical inputs

Documents

  • Purchase and sale agreement (PSA)
  • Commercial lease or ground lease
  • Amendments and addenda
  • Prior draft or turn (for redline)
  • Standard-form agreement or negotiation playbook (for deviation review)
  • Letter of intent

Systems

  • Email
  • Data room
  • Google Drive
  • SharePoint
  • Box

Output

A completed review workbook: a chronological critical-date calendar with computed calendar deadlines, a contingency and termination map, options and preferential rights, key legal provisions, a redline vs the prior draft, a deviation review vs the standard form, a missing-terms flag, an overall risk classification, and a cited reviewer memo

Delivered to

  • Deal calendar / deadline tickler system
  • Deal folder
  • Lease administration or asset-management system

What it extracts

· 13 fields
  • Form

    Deal Snapshot

    A one-look roll-up of the agreement's spine - document type, draft-or-executed status, property, parties, effective date, price/rent, governing law, and whether time is of the essence - so a reviewer can orient before the detail.

  • Classification

    Agreement Type Classification

    The single instrument category (PSA, lease, ground lease, amendment, LOI, or other) that determines which critical-date and clause playbook applies.

  • Form

    Parties and Roles

    The full legal names of the purchaser/tenant, seller/landlord, guarantor, escrow/title company, and broker, plus notice addresses; mis-identifying a party breaks every downstream notice and deposit obligation.

  • Form

    Economic and Deposit Terms

    The PSA money mechanics - purchase price, earnest-money deposits, the go-hard / non-refundable date, financing contingency, and prorations - that define what is at risk and when.

  • Table

    Critical Date Calendar

    The core deliverable: every time-sensitive date and obligation with a computed calendar deadline, calculation logic, responsible party, and consequence if missed - the tickler a transaction manager runs the deal against.

  • Table

    Contingencies and Termination Rights

    Every contingency and termination right with how it is satisfied or waived - including auto-waiver traps - and the effect on the earnest money if the deal dies.

  • Table

    Options and Preferential Rights

    Each option and preferential right - renewal, purchase, ROFO, ROFR, expansion, early termination - with its hard notice window, precisely distinguishing a right of first offer from a right of first refusal.

  • Table

    Key Legal Provisions

    The material legal provisions - reps and warranties and survival, as-is/disclaimer, indemnity, default and remedies, casualty, assignment, notice mechanics - with a flag on anything unusual or one-sided.

  • Table

    Redline vs Prior Draft

    When a prior draft is provided, every material change between turns with its substantive effect, which side it favors, and its materiality - what moved in negotiation.

  • Table

    Deviations from Standard Form

    When a standard form or playbook is provided, each deviation from the approved position with direction, whether it is an acceptable fallback, a risk flag, and a recommended action - catches off-market terms a redline alone would miss.

  • Table

    Missing or Undefined Critical Terms

    The reviewer's what-is-not-there check: every critical term or date that is absent, blank, ambiguous, or TBD, with the risk it creates and what to add or clarify.

  • Classification

    Overall Risk Classification

    A single headline read - Clean, Minor issues, Material issues, Off-market, or Insufficient information - for a reviewer's triage queue, synthesized across the review.

  • Text

    Reviewer Summary and Action Items

    A concise, cited memo of the nearest-term hard deadlines to diarize, the most material redline changes and deviations, the missing terms, and the recommended next actions.

Prerequisites

  • The agreement under review
  • Any prior draft you want redlined
  • Your standard-form agreement or playbook, if you want a deviation review
  • All amendments so the controlling terms are captured

Human review

A transactions attorney or deal manager reviews each computed deadline, the flagged redline changes and deviations, and the missing-term list, and confirms the critical-date calendar before the team diaries the dates and negotiates.

Where it fits

Real estate transaction management and legal review

Deal negotiation - draft PSAs, leases, and amendments arriving by email or data room as the parties trade turns, and executed agreements arriving at signing

This step

Redline / deviation review and critical-date extraction

After

Deal calendar and deadline tickler
Lease Abstraction
Closing and escrow coordination
Asset-management and portfolio onboarding

Who uses it

Commercial Real Estate AttorneyTransaction ManagerAcquisitions AssociateLease AdministratorParalegal

Grounded in

  • Market convention for commercial real estate purchase and sale agreements (critical-date structure)verified as of 2026-07-22
  • Title and survey objection and cure conventions; ALTA/NSPS Land Title Survey standardsverified as of 2026-07-22
  • Contract redline vs standard-form deviation review - review-practice conventionverified as of 2026-07-22

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